April 06, 2020
According to the research report titled ‘Butylated Hydroxytoluene (BHT) Market Size By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global butylated hydroxytoluene (BHT) market is expected to surpass USD 380 million by the year 2025.
Growing preference for convenience food items is fostering the demand for butylated hydroxytoluene across the globe, which in turn is a major factor driving the market growth. The product enhances the appearance, texture and flavor of food items. It acts as a rancid during oxidation processes to prevent food spoilage, hence increasing the shelf life of the food product.
However, high consumption of butylated hydroxytoluene can lead to induction of numerous liver enzymes, liver enlargement and thyroid hyperactivity. Health risks associated with unchecked intake of BHT may hinder the overall market growth.
Based on the application spectrum, butylated hydroxytoluene market share from lubricating & specialty oils segment is presumed to expand significantly during the forecast period. The product acts an effective antioxidant and stabilizer for synthetic fluids and oils such as brake fluids, transmission fluids, transformer, hydraulic, spindle and cutting fluids. Rising adoption of lubricants and specialty oils in automotive industry in order to prevent rust and corrosion in engine components are fueling the segmental growth.
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Elaborating further, personal care & cosmetics applications of BHT is expected to exceed USD 30 million by the year 2025. Booming e-commerce activities, rising capita per income and growing population are prime factors stimulating the industry outlook. Butylated hydroxytoluene facilitates in enhancing the shelf life of the cosmetic products such as foundations, face powder, lipsticks, eye liners and eye shadows.
The report states that the poultry feed application of butylated hydroxytoluene is predicted to cross USD 25 million by the year 2025. Increasing consumption of poultry products will contribute towards segmental share.
Regionally, Canada butylated hydroxytoluene industry from food application segment is poised to witness a growth rate of 5.5% through 2025. Favorable FDA approvals and rising adoption of the product to reduce rancidity and improve aesthetic appeal of food products are boosting Canada market growth.
The prominent companies operating in butylated hydroxytoluene market are A.B. Enterprises, Anmol Chemicals, Spectrum Chemical Manufacturing Corp., Akrochem Corp., Twinkle Chemi Lab Pvt. Ltd., Cayman Chemical, Ratnagiri Chemicals Pvt. Ltd., Sinofi Ingredients, Kemin Industries, KH Chemicals, LANXESS, Eastman Chemical Co., OXIRIS, Sasol and SI Group.
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